Investing

Top Analyst Upgrades and Downgrades: Clorox, Editas, EverQuote, Monster Beverage, PayPal, Skechers, Skyworks, SolarEdge and More

Monster Beverage Corp. (NASDAQ: MNST) was raised to Overweight from Equal Weight and its price target was raised to $90 from $87 at Morgan Stanley. The company is supposed to report earnings later in the week. Its stock closed up 1.7% at $77.92 per share on Monday and was indicated up another 2.4% at $79.80 on Tuesday.

Mosaic Co. (NYSE: MOS) was downgraded to Sector Perform from Sector Outperform at ScotiaBank.

NICE Ltd. (NASDAQ: NICE) was started with a Buy rating and a $280 price objective at BofA Securities. The stock closed up 0.6% at $229.60 on Monday with a $239.27 consensus target price.

PayPal Inc. (NASDAQ: PYPL) closed up almost 0.9% at $187.76 on Monday ahead of earnings and the post-earnings reaction was down 5.2% at $177.90 on Tuesday morning. Truist Securities maintained its Hold rating but cut its price target to $200 from $215. Wedbush Securities reiterated its Outperform rating and maintained its $220 price target. Rosenblatt maintained it as Buy but cut its target from $250 to $280. KeyBanc Capital Markets reiterated its Overweight rating but trimmed its target to $215 from $230.

Sally Beauty Holdings Inc. (NYSE: SBH) was maintained as Outperform but its target price was cut to $16 from $19 at Oppenheimer. Shares closed up 5.6% at $8.84 apiece on Monday, and they have a $14.06 consensus target price.

Skechers USA Inc. (NYSE: SKX) was downgraded to Neutral from Positive at Susquehanna. Its shares closed down 3.75% at $30.52 on Monday and were indicated up almost 1% on Tuesday. The stock previously had a $40.92 consensus target price.

Skyworks Solutions Inc. (NASDAQ: SWKS) was up 0.6% at $142.12 ahead of earnings and was indicated to open down around $141.75 on Tuesday. Needham reiterated it as Buy and raised its target to $200 from $170, and Wells Fargo reiterated it as Overweight and its raised target from $155 to $165. KeyBanc Capital Markets reiterated its Overweight rating and raised its target to $170 from $160. Raymond James reiterated its Outperform rating and raised its target from $155 to $170, and Mizuho reiterated its Buy rating and raised its target to $174 from $170.

SolarEdge Technologies Inc. (NASDAQ: SEDG) was downgraded to Perform from Outperform at Oppenheimer. The stock closed up almost 4% at $267.72 on Monday, but shares of the high-beta solar inverters player were indicated down 19% at $216.00 after the company missed sales estimates and had weaker than expected guidance.

Vericel Corp. (NASDAQ: VCEL) was named as the Bull of the Day at Zacks, which said restoring cartilage in sports medicine and rebuilding skin after severe burns give this small-cap big upside. Shares most recently closed at $19.08 and have a consensus price target of $26.48.

Waste Management Inc. (NYSE: WM) closed up 2.5% at $110.67 on Monday and was indicated up 1.15 at $111.85 on Tuesday after its earnings report. Oppenheimer reiterated its Outperform rating and raised its price target to $128 from $123. Raymond James reiterated it as Outperform and lifted its price target to $120 from $114.


Monday’s top analyst upgrades and downgrades included AbbVie, Alibaba, Archer Daniels Midland, Best Buy, Intel, Nikola, Peloton Interactive, SAP, Under Armour and Wynn Resorts.

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